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on to the streets to celebrate as cease fire ends eight days of deadly strikes between israel and hamas. we kick off three hours with the euro son flash services pmi, 5.7. a little weaker than consensus. lowest since july 2009. business expectations 48.6. manufacturing manufacturing pmi 46.2. composite pmi as a result 45.8, which is pretty him bang in line with the reuters poll. so service sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a co
and strikes against those rocket centers hamas was able to launch rockets at tel aviv which nearly hit, that's a main success for hamas. >> you can talk about the visit by the prime minister and there was continued violence during the period? >> reporter: the egyptians coordinated the meeting with israel and hamas and they agreed on a cease-fire. israel said that she would stop firing rockets during the prime minister's visit, but there was a condition that the palestinians should not fire rockets at israel and in fact the cease fire was broken first by the palestinians who did fire rockets in to israel so israel resumed their attacks on on gaza. and it was very heavy period. there were 85 separate israeli rocket attacks on gaza. the prime minister's visit was mostly about support, but also a feeling that there is a hope i guess that a period cease fire was on the agenda, too. >> martin we hope hope to hear more from you you later in the program. thanks very much. meantime tony blair has told cnbc that egypt's role in the crisis is pivotal. >> i think the efforts of egypt and others to creat
hamas' top military commander during air strikes. condemnation of the attacks from israel's neighbors have come thick and fast. iran called the attacks organized terrorism. egypt's foreign minister called for a formal u.n. security council meeting to discuss the attacks. and said they must end. >> translator: egypt strongly condemns the israeli air strike in the gaza strip and the kellings of civilians and the assassination. we strongly condemn it. >> and wide gdemonstrations turned violent. in spain, riot police fired rubber bullets. and in lisbon, protesters tore down barricades lobbing rocks and bottles. workers also protested in greece, france and well engine against government policies that have driven up unemployment. the gdp is expected to sling by 0.2% in the third quarter pushing the bloc officially into recession territory. the eurozone downturn is taking its toll on germany. they had resilience tocrisis. economists are warning country could see a further contraction in the last three months of the year as dim prospects for the currency bloc continue to weigh on consumer and
and i had that's been in place since 2006 and they want israel to stop targeting hamas leaders. in israel, officials want the rockets to stop targeting large cities. we've just yesterday experienced two sirens. rockets launched towards tel aviv. they were short down by the iron dome missile defense system. but so far the violence hasn't stopped. it's been going back and forth. the worst attack, a residential building, two stories that collapsed after it was hit, 12 killed, ten of those from the same family. >> i'm just thinking back to when hamas did legally win the general elections in 2006. they then seized control of gaza 2007 and kept the block and i had in place. do you think the israelis are doing everything they can to avoid now a ground invasion, or is there a notion that a ground invasion is inevitable that the stage? >> it depends. i don't think there is an inevitability. there are different camps as to whether they can achieve their goals. certainly there are those who believe a ground invasion is what they need. and then there are those that would like to see some s
to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. what's next? what's gone wrong? we'll be joined by jules in athens in a few minutes. but let's start off with
and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza now. 26 of those are children. so nearly a quarter killed has been children which is growing to the call of a necessary cease fire to figure out how these two sides can come to terms to stop this violence for now. >> okay on. thanks very much, chapman. shareholders of glencore have approved the deal with ex-trxst. we'll get more on that. but right now let's get the global markets report in singapore. >> composite slipped to a seven week low. financials, commodities and railway stocks led the losses. the water place rallied. shares in hong kong also turned lower in late trade hurt by weakness in mainland blue chips. in japan, the boj stood pat on monetary policy as expected. the nikkei snapped a four day winning streak. south korean techs rallied
, they felt this was a victory for hamas, a sense of legitimacy amongst the government, a government not recognized by the united states. in fact the united states and europe consider it a trils organization. and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling some fears that the powerhouse of the eurozone economy may be suffering from the impact of the crisis. its first increase in eight months. just over 101.4. in the united states, a half day of trading today post the thanksgiving holiday. is the dow due for a santa rally? we'll talk about it when we come back. [ female announcer ] the power to become a better investor has gone mobile. with features
Search Results 0 to 6 of about 7

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